TDS Provision is applicable only when payment is made in ‘monetary terms’

Brief of the Case

In CIT vs. Bruhat Bangalore Mahanagar Palike, the Karnataka High Court on the issue of applicability of TDS provision held that section 194LA only applies to compulsory acquisition of land and not on voluntary acquisition. Further, the concept of tax deduction at source and depositing the same with the Revenue is where payment is made by cash, cheque, demand draft or any other similar mode. When there is neither the quantification of the sum payable in terms of money nor any actual payment is

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